Allied Gold Limited

Casimir Capital, a leading investment bank specializing in natural resources, has announced the 2nd Annual Casimir Capital Global Australian Mining Conference, which will take place on March 26th at the Waldorf Astoria Hotel in New York City.

Overnight US stocks finished in a fresh 13-month high as energy and material sectors are boosted after the better-than-expected Japanese economy growth. The market was also inspired as Federal Reserve Chairman Ben Bernanke's said that interest rates would stay low. The US government data showed that retail sales rose 1.4 per cent in October, also exceeding market expectations.

Overnight Wall Street posed a solid gain as an upbeat sentiment that the worst is over increased investors' appetite for riskier assets. The shares were lifted by a round of buying in financial shares and a jump in US industrial production data.

Allied Gold Limited ("Allied")(ASX: ALD) is pleased to announce that in conjunction with its design EPCM Engineer Intermet Engineering Limited ("Intermet") an updated Capital and Operating cost estimate for the Simberi Oxide Gold Project has now been completed.

A move to rapidly boost its African diamond production with the installation of a larger processing plant has been announced by Perth-based Mineral Commodities Limited (ASX: MRC).

Allied Gold Limited (ASX: ALD) announced today it had commenced an initial 10-hole reconnaissance diamond and RC drill program at the Talik Prospect on Tatau Island.

Allied Gold Limited (ASX: ALD), the emerging gold producer with gold and base metal exploration projects located in eastern Papua New Guinea Tabar Islands today announces the completion of the placement of 21,800,000 ordinary shares at A$0.60 per share to raise A$13,080,000 (approximately US$10,000,000) before expenses.

Allied Gold Limited (ASX: ALD) ("Allied Gold" or the "Company"), the ASX listed Company developing the Tabar Islands gold project in Papua New Guinea, today announced the commencement of trading of its securities on London's Alternative Investment Market (AIM).

Allied Gold Limited (ASX: ALD) has secured a US$25 million (A34.3 million) loan facility to complete its project financing package for the Company's Simberi oxide gold project offshore Papua New Guinea.

Allied Gold Limited (ASX: ALD) will in May become one of the first companies with a new, previously undeveloped mining project in Papua New Guinea, to list on London's Alternative Investment Market.